APPLY Now Wealth Management Credit Risk Associate

Job Description

Wealth Management Credit Risk - Mumbai - 2023 ReEntry Program, The ReEntry Program is a 15-week fellowship program, beginning March 20, 2023 and ending June 30, 2023, with the prospect of an offer for permanent employment with JP Morgan Chase at the end of the program. The program offers a reintroduction to corporate life for those returning to the workplace after an extended career break for two or more years. The fellowship placements will be based on both business needs and candidate skill set and interest areas within our Corporate Investment Banking, Asset Wealth Management & Commercial Banking Operations business. Please refer to our ReEntry Overview page for further information regarding the Program JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $2.5 trillion and operations worldwide. The firm is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of consumers in the United States and many of the worlds most prominent corporate, institutional and government clients under its J.P. Morgan and Chase brands. Information about JPMorgan Chase & Co. is available at http://www.jpmorganchase.com/ As part of Risk Management and Compliance, you are at the center of keeping JPMorgan Chase strong and resilient. You help the firm grow its business in a responsible way by anticipating new and emerging risks, and using your expert judgement to solve real-world challenges that impact our company, customers and communities. Our culture in Risk Management and Compliance is all about thinking outside the box, challenging the status quo and striving to be best-in-class. Credit Risk assesses and manages credit and counterparty risks on an industry, client, geographic and transaction basis. The Credit Risk function identifies, measures, limits, manages and monitors credit risk across our businesses. Credit exposure arises through underwriting, lending and trading activities with and for clients and counterparties (mostly high net worth and ultra-high net worth individuals), as well as from a range of operating services such as cash management and clearing activities. Minimum Skills, Experience and Qualifications We are looking for someone excited to join our organization. If you meet the minimum requirements below, you are encouraged to apply to be considered for this role. The role currently available lies within MRGR Mumbai and will have a focus on the review of FX and Commodity derivatives models and model risk governance.
• Evaluate WM consumer and business purpose credit requests utilizing applicable Credit Risk Policies and Guidelines.
• Analyze individual and business/entity financial statements, public information sources, individual credit reports, and other relevant information to calculate cash flow and balance sheet ratios. Utilize these ratios and evaluate other qualitative factors to determine a client s risk of default.
• Complete an analysis of the collateral and/or loan covenants/ events of default to determine the potential loss in a default situation.
• Identify and clearly articulate risks and mitigating factors that could impact the client s ability to repay the loan. Individual will recommend a course of action with clear and concise rationale.
• Understand and clearly articulate geo-political risks and jurisdictional issues that impact our domestic and cross-border clients.
• Engage in regular dialogue with Front Office to obtain required information critical to making a loan decision. Individual will negotiate loan structure and terms when necessary, and will provide alternative solutions when appropriate.
• Escalate credit issues to Credit Executive and provide solution(s) and/or next steps for resolution.
• Responsibility for portfolio management and appropriate escalation for their respective markets to ensure credit risk is maintained.
• Work with Risk Support partners to ensure a seamless and timely delivery of credit to the client, while maintaining a strict regulatory and control environment.
• Special projects will be assigned as appropriate.
• Mentor less experienced Credit Analysts and Support Partners, as well as other WM staff.
• Provide feedback on, and recommend enhancements to existing processes and procedures to enhance controls and efficiency.
About Us Across JPMorgan Chase, we serve millions of customers and many of the world s most prominent corporate and government clients. Our mission is to build a stronger, more equitable economy, and we strive to make a positive impact everyday with our customers in their communities. We are proud of our reputation as one of the world s most admired companies and we know that it s our people who make us successful. We are committed to a diverse and inclusive workplace where our employees are welcomed, valued and able to bring their authentic selves and best work forward.,

Keyskills :
financial servicesalternative solutionsportfolio managementfinancial statementscredit riskbanking operations